Analyst Chen Shu: 10.5 Breaks High Again, Focus on Releasing Bullish Power, Bitcoin and Ethereum Trend Analysis

From the daily chart of Bitcoin, the bulls have continuously exerted force to break through historical highs, reaching a peak of 12.6. Currently, there are no pressure levels above to reference in the short term. It is temporarily unpredictable how far the bulls can break through. Without a clear sign of bullish stagnation, we will not predict when a pullback will occur. The support level continues to focus on the 4-hour MA5/10-day moving averages. As long as the pullback does not break this support level, the bullish trend will not end for the time being, and we will continue to monitor the continuation of bullish strength.

From the daily chart of Ethereum, the upward momentum is slightly weaker and has not yet broken through the previously mentioned pressure level of 4650. We will continue to focus on the upper pressure levels of 4650/4730. On the 4-hour level, after a slight pullback yesterday, it has rebounded. The short-term support to watch is 4450/4380. In the short term, we can also follow Bitcoin to see the strength of the upward momentum, but if the momentum is weak, we can expect subsequent catch-up situations.

Afternoon Operation Strategy (Written at: 13:30):

BTC: Long at 12.44/12.35, target 12.55/12.65; short positions can be considered at 12.8/130,000 for short-term operations.

ETH: Long at 4530/4450, target 4650/4730; for the upper levels of 4650/4730, look for a pullback of 6-100 points.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply one by one.

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